A comprehensive assessment of the role of risk in U.S. agriculture

Machine generated contents note: I -- I -- PART I -- BEHAVIOR UNDER RISK: GENERAL CONCEPTS AND -- THEIR SIGNIFICANCE FOR AGRICULTURE -- 1 Expected Utility as a Paradigm for Decision Making in Agriculture 3 -- Jack Meyer -- 2 Non-Expected Utility: What Do the Anomalies Mean for 21 -- Risk in Agriculture? -- David E. Buschena -- 3 Ordering Risky Choices41 -- Lindon J. Robison and Robert J. Myers -- 4 Conceptual Foundations of Expectations and 53 -- Implicationsfor Estimation of Risk Behavior -- Richard E. Just and Gordon C. Rausser -- 5 Information, Processing Capacity, and81 -- Judgment Bias in Risk Assessment -- David R. Just -- PART II -- CONCEPTUAL ADAPTATIONS OF RISK MODELS FOR AGRICULTURE -- 6 Dual Approaches to State-Contingent Supply Response 105 -- Systems Under Price and Production Uncertainty -- Robert G. Chambers and John Quiggin -- 7 Can Indirect Approaches Represent Risk Behavior Adequately?121 -- Rulon D. Pope and Atanu Saha -- 8 The Significance of Risk Under Incomplete Markets143 -- Jean-Paul Chavas and Zohra Bouamra-Mechemache -- 9 Contracts and Risk in Agriculture: Conceptual and 167 -- Empirical Foundations -- Brent Hueth and David A. Hennessy -- PART III -- ADEQUACY OF GENERAL METHODOLOGICAL -- APPROACHES FOR RISK ANALYSIS -- 10 Programming Methods for Risk-Efficient Choice 193 -- C. Robert Taylor and Thomas P. Zacharias -- 11 The Econom etrics of Risk213 -- Matthew T. Holt and Jean-Paul Chavas -- 12 Agriculture as a Managed Ecosystem: Implications for243 -- Econometric Analysis of Production Risk -- John M. Antle and Susan M. Capalbo -- 13 Survey and Experimental Techniques As an 265 -- Approach for Agricultural Risk Analysis -- Brian Roe and Alan Randall -- PART IV -- SOURCES AND CONSEQUENCES OF AGRICULTURAL RISK: -- HOW FARMERS MANAGE RISK -- 14 M odeling Price and Yield Risk 289 -- Barry K. Goodwin and Alan P. Ker -- 15 Agricultural Technology and Risk325 -- Michele C. Marra and Gerald A. Carlson -- 16 Quality and Grading Risk353 -- Ethan Ligon -- 17 Finance and Risk Bearing in Agriculture371 -- Peter J. Barry -- 18 Does Liquidity Matter to Agricultural Production?391 -- Michael J. Roberts and Nigel Key -- 19 Precision Farming Technology and Risk Management 417 -- James A. Larson, Burton C. English, and Roland K. Roberts -- PART V -- POLICY ISSUES RELATING TO RISK IN AGRICULTURE -- 20 Crop Insurance As a Toolfor Price and Yield Risk Management 445 -- Keith H. Coble and Thomas O. Knight -- 21 Risk Management and the Role of the Federal Qovernment469 -- Joseph W. Glauber and Keith J. Collins / -- 22 Risk Created by Policy in Agriculture489 -- Bruce L. Gardner -- 23 Risk Management and the Environment 511 -- Mark Metcalfe, David Sunding, and David Zilberman -- PART VI -- CONCLUSIONS REGARDING THE SIGNIFICANCE OF -- RISK RESEARCH FOR AGRICULTURE -- 24 How Much Does Risk Really Matter to Farmers? 537 -- Wesley N. Musser and George F. Patrick -- 25 Past Progress and Future Opportunitiesfor Agricultural Risk Research 557 -- Richard E. Just and Rulon D. Pope -- INDEX 579